AIG

 
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Unmoderated Tag: Television Rating: No Votes Hits: 125 Comments: 0 AIG's Greenberg: Why Should Taxpayers Get My Money? AIG's Greenberg: Why Should Taxpayers Get My Money? more at cspan.org April 2, 2009 Apr 6, 2009 12:11 AM
Unmoderated Tag: Television Rating: No Votes Hits: 133 Comments: 0 Bachus: Did Aig Stiff U.S. Banks? Bachus: Did Aig Stiff U.S. Banks? more at cspan.org March 26, 2009 ... Mar 26, 2009 10:41 AM
Unmoderated Tag: Television Rating: No Votes Hits: 119 Comments: 0 Bernanke: Ots Was Not Enough to Regulate Aig Bernanke: Ots Was Not Enough to Regulate Aig more at cspan.orgMarch 24, 2009 Mar 24, 2009 11:42 AM
Unmoderated Tag: Politics Rating: No Votes Hits: 120 Comments: 0 Real News: Aig Ceo Warns: 'Dire consequences' if Company Fails Real News: Aig Ceo Warns: 'Dire consequences' if Company Fails ANP coverage of AIG House hearings. From The Real News. Mar 19, 2009 8:40 AM
Unmoderated Tag: Television Rating: No Votes Hits: 149 Comments: 0 Cantor Can't Say How He'll Vote on Aig Bonus Taxing Bill Cantor Can't Say How He'll Vote on Aig Bonus Taxing Bill more at msnbc.comRep. Eric Cantor (R-VA) on MSNBC's Morning Joe, March 19, 2009 Mar 19, 2009 7:44 AM
Unmoderated Tag: Television Rating: No Votes Hits: 114 Comments: 0 Obama: The Aig Buck Stops with Me Obama: The Aig Buck Stops with Me more at cnn.com March 18, 2009 Mar 18, 2009 12:38 PM
Unmoderated Tag: Television Rating: Stinker Hits: 131 Comments: 0 Gibbs on Who Aig Answers to: I'll Get Back to You Gibbs on Who Aig Answers to: I'll Get Back to You more at msnbc.com March 17, 2009 Mar 17, 2009 1:39 PM
Unmoderated Tag: Television Rating: No Votes Hits: 102 Comments: 0 Rep. Frank: We Own Aig, Now Let's Act like It Rep. Frank: We Own Aig, Now Let's Act like It more at cnbc.comMarch 17, 2009 Mar 17, 2009 11:38 AM
Unmoderated Tag: Politics Rating: No Votes Hits: 114 Comments: 0 President Pledges Help for Small Business, Condemns Aig Bonuses President Pledges Help for Small Business, Condemns Aig Bonuses The President commits to helping small businesses through the economic recovery, and condemns the AIG bonuses recently reported as violating fundamental Amer... Mar 16, 2009 6:36 PM
Unmoderated Tag: Television Rating: Amazing Hits: 137 Comments: 0 Obama: How Can Aig Justify This Outrage? Obama: How Can Aig Justify This Outrage? more at msnbc.com March 16, 2009 Mar 16, 2009 11:36 AM
Unmoderated Tag: Television Rating: Amazing Hits: 130 Comments: 0 Obama to Use 'Every Legal Means' to Reverse Aig Bonuses Obama to Use 'Every Legal Means' to Reverse Aig Bonuses more at msnbc.com March 16, 2008 Mar 16, 2009 9:35 AM
Unmoderated Tag: Television Rating: No Votes Hits: 105 Comments: 0 Cantwell: Who Are the Aig Counterparties? Cantwell: Who Are the Aig Counterparties? more at c-span.org March 4, 2009 Mar 4, 2009 1:33 PM
Unmoderated Tag: Television Rating: No Votes Hits: 171 Comments: 0 Colbert Report: Ponzi Schemes Colbert Report: Ponzi Schemes Bernard Madoff lost less money than AIG and he throws way better parties. From The Colbert Report with Stephen Colbert. Jan 7, 2009 4:01 AM
Unmoderated Tag: Politics Rating: Ok Hits: 167 Comments: 0 Where's Sock Puppet's Bailout? Where's Sock Puppet's Bailout? One of the great casualties of the tech bubble bust, Pets.com's Sock Puppet mascot, asks Congress for his unfair share of the awful bailouts. Instead of giving taxpayer's money directly to the automakers, why not pass a law requiring every US citizen of driving age to buy a Hummer, Tahoe, or F250? Those unable to pay cash can get a pre-approved AIG-insured payment plan. That would keep Detroit busy, help the oil companies, and give AIG another excuse for a cash infusion down the road. User: spam_vigilante Dec 2, 2008 5:38 AM
Headline Tag: Television Rating: Good Hits: 1006 Comments: 1 The 56 Trillion Dollar Deficit: Bill Maher Interviews Fmr. Comptroller General David Walker The 56 Trillion Dollar Deficit: Bill Maher Interviews Fmr. Comptroller General David Walker Bill Maher Interviews Fmr. Comptroller General David Walker about the huge deficit in America. (CNN) -- The Emergency Economic Stabilization Act contains plenty to make lawmakers on the left and right shudder. On the right, it's the apparent abandonment of free-market principles. On the left, it's the absence of punishment for high-flying Wall Street CEO's. Looking down the middle, what I found downright unnerving was how hard Washington struggled to pass a bill that, in reality, represents less than 1 percent of our current federal financial hole. Don't get me wrong. Congress and the Bush Administration are to be commended for acting to relieve the credit crunch and trying to minimize any immediate, adverse effect on our economy and by consequence, on American jobs and access to credit. The ultimate cost of the act should ring up at less than $500 billion, less than the advertised $700 billion because of anticipated proceeds from the government's sale of the assets it will acquire with the appropriated funds. The nation's real tab, on the other hand, amounted to $53 trillion as of the end of the last fiscal year. That was the sum of our public debt; accrued civilian and military retirement benefits; unfunded, promised Social Security and Medicare benefits; and other financial obligations -- all according to the government's most recent financial statement of September 30, 2007. Don't Miss * Fed pumps billions more into banks * Dollar plummets against yen * In Depth: Commentaries The rescue package and other bailout efforts for Fannie Mae, Freddie Mac, AIG and the auto industry, escalating operating deficits, compounding interest and other factors are likely to boost the tab to $56 trillion or more by the end of this calendar year. With numbers and trends like this, you might ask, "Who will bail out America?" The answer is, no one but us! Since we're going to have to save ourselves, recent events could hardly be called encouraging. It took an additional $100 billion in incentives -- some would call them "sweeteners;" others might call them bribes -- to get lawmakers to pass the rescue package. Regardless of what you call these incentives, ultimately the taxpayers will have to pick up the tab, with interest. The process that was employed to achieve enactment of this bill was hardly a model of efficiency or effectiveness. The original proposal represented an over-reach and under-communication by the administration. Neither lawmakers nor ordinary citizens had enough information to properly assess the real risks, the need for action and what an appropriate course of action might be. Furthermore, the key players allowed the legislation to be characterized as a $700 billion bailout of Wall Street, which was neither an accurate nor a fair reflection of the legislation. Passage of the credit-crunch relief provisions in the act was understandable, not just because of what risks and needed actions the Treasury and the Federal Reserve were aware of, but more importantly, because of what policymakers didn't know and eventually might have to address. Let's face it -- the regular order in Washington is broken. We must move beyond crisis management approaches and start to address some of the key fiscal and other challenges facing this country if we want our future to be better than our past. A good place to start would be for the presidential candidates to acknowledge our $53 trillion (and growing) federal financial hole and commit to begin to address it. Their endorsement of the need for a bipartisan fiscal future commission along the lines of the one sponsored by Rep. Jim Cooper, D-Tennessee, and Rep. Frank Wolf, R-Virginia, also would make sense. Any such commission should, at a minimum, address the need for statutory budget controls, comprehensive Social Security reform, a first round of tax reform and a first round of comprehensive health care reform. It should hold hearings both inside and beyond the Beltway. And, its recommendations should be guaranteed to receive an up-or-down vote by Congress if a super-majority of the commission's members can agree on a comprehensive proposal. Editor's Note: David M. Walker served as comptroller general of the United States and head of the Government Accountability Office (GAO) from 1998 to 2008. He is now president and CEO of the Peter G. Peterson Foundation. Our fiscal time bomb is ticking, and the time for action is now! DAVID WALKER User: Griff Oct 13, 2008 2:11 PM
 
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